Asia-Pacific Is the Fastest-growing Region in the Industrial Starch Market

The industrial starch market in the Asia-Pacific region is driven by the increasing consumption of starch, including potato starch, its derivatives and sweeteners in China and India. The consumption of starch in China accounts for nearly half of the region's starch consumption.

The industrial global starch market is projected to reach 113.9 MT, by volume at a CAGR of 3.80% from 2016 to 2022 and USD106.64bn in terms of value by 2022, according to the report "Industrial Starch Market - Global Forecast to 2022", published by MarketsandMarkets.

Countries such as China, India, and Thailand are in a better position to produce starch at more competitive prices than developed countries of Europe and North America, due to the lower raw materials & production costs as well as less stringent environment regulations.

The market is driven by growth in demand for convenience foods, and multiple functionalities of starch, starch derivatives and sweeteners in a diverse range of end-user industries.

The industrial starch market report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S), Archer Daniels Midland Company (U.S), Ingredion Incorporated (U.S), Tate & Lyle PLC (U.K.), and AGRANA Beteiligungs-AG (Austria).

Other players that are active in the industry are Grain Processing Company (U.S.), Roquette Frères (France), The Tereos Group (France), Royal Cosun (Netherlands), and Altia Industrial Services (Finland).